Posted in news of the economy

As bitcoin’s price passes $10,000, its rise seems unstoppable

MOST money these days is electronic—a series of ones and zeros on a computer. So it is rather neat that bitcoin, a privately created electronic…

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Posted in news of the economy

A regulatory tempest lashes China’s markets

IT IS is the kind of company that for years was a safe bet for investors. China City Construction is big, government-owned and focused on…

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Posted in news of the economy

Brazil puts its state development bank on a diet

Lula spots an Anglo-Saxon IN 2009, as Brazil was buffeted by the global financial crisis, its president, Luiz Inácio Lula da Silva, was seething. The…

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Posted in news of the economy

India’s new bankruptcy code takes aim at delinquent tycoons

A SMOOTH bankruptcy process is akin to reincarnation: a company at death’s door gets to shuffle off its old debts, often gain new owners, and…

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Posted in news of the economy

A flattening yield curve argues against higher interest rates

CENTRAL bankers may control short-term interest rates, but long-term ones are mostly free to wander. They do not always behave. When Alan Greenspan, then chairman…

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